America’s economy is in a spiral, and lagging consumer confidence is the driving force. It’s showing up as millions of people are quitting their jobs at a record pace. One reason for the great resignation is when you leave a job, you often get a pay hike in the next one. When businesses pay employees more, the money has to come from somewhere, and that means they increase prices for goods and services. As the consumer, when your expenses rise, you know what happens: you either cut back or ask your boss for a raise. That’s the spiral, and it’s a sign that inflation is here to stay.
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Economic spiral means inflation is here to stay